In the $1 trillion stimulus proposal released by Senate Republicans on Monday — the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act — the $600 per week unemployment boost of the CARES Act, which expires Friday, would decrease to $200 per week. That’s because Republican leaders have largely said the extra $600 a week discourages people from returning to
Month: July 2020
As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its
Dado Ruvic | Reuters With chronic asthma, food allergies and a heart condition, Thomas Silvera does everything he can to safeguard his health, including getting vaccines. So if and when a Covid-19 vaccine becomes available, he said he’s leaning toward getting that, too. But before vaccines reach the market, they go through wide-scale testing for
Amazon, Facebook, and Apple are only the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings. They are far noisier than normal, but in general they have been better than expected. Much better. And that is one of
Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the pandemic, you’re definitely not alone. Up to 40 million Americans may lose their homes in this downturn, four times the
Upset couple in self isolation. getty Have you decided to get divorced during the COVID crisis? You are not alone. This prolonged period of quarantining is causing many people to reevaluate their lives. They have had enough of their spouses during this pandemic and decided to finally start anew. If you have decided that now
Bitcoin cryptocurrency representation is seen in this illustration photo taken in Poland on June 17, … [+] 2020 (Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Unfortunately, scams are far too common in the cryptocurrency space. Last week, hackers broke into Twitter’s systems and lured innocent people into sending bitcoin into the
Senate Majority Leader Mitch McConnell, R- Ky., walks to the Senate floor at the U.S. Capitol on Thursday, July 30. Democrats and Republicans have given no ground after three days of negotiations on a virus relief package as enhanced unemployment insurance for millions of out-of-work Americans and protections from evictions run out. Al Drago/Bloomberg via
Throughout the Covid-19 crisis, White House coronavirus advisor Dr. Anthony Fauci has become a household name and the unofficial face of fighting the pandemic. And now he has his own trading card. The president of the National Institute of Allergy and Infectious Diseases threw the first ceremonial pitch for Major League Baseball’s 2020 season on
Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week again added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Unemployment levels nationally were at 14.7% in April 2020, reaching as high as 30.1% in Nevada during that month. The recent unemployment rates now are at the highest levels since the Great Depression. However,
People wearing face masks as a preventive measure walk at Lake Eola Park, Florida, July 25, 2020. Paul Hennessy | SOPA Images | LightRocket | Getty Images The Department of Health and Human Services said Thursday they are seeing “signs of progress” in southern states fighting the coronavirus pandemic, though the number of deaths remains
Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon will report its fiscal second-quarter earnings after market close on Thursday. Here are Wall Street’s expectations for Amazon: Earnings: $1.46 per share expected, according to analysts surveyed by Refinitiv Revenue: $81.56 billion expected, according to analysts surveyed by Refinitiv The company’s earnings will be impacted
A Monzo debit card being used at a payment terminal. Monzo British digital bank Monzo said Thursday that its annual losses more than doubled and warned its ability to continue operating had become more uncertain due to the coronavirus pandemic. The start-up reported an annual post-tax loss of £113.8 million ($149.5 million) in its 2020
Senate Republicans proposed another stimulus check bill yesterday, the Coronavirus Assistance for American Families (CAAF) Act. Stimulus checks under the CAAF Act would provide $1,000 to eligible adults and dependents. As an example, an eligible family of four would receive $4,000. WASHINGTON, DC – MARCH 24: Sen. Marco Rubio (R-FL) talks to reporters after leaving a
Socially distanced sleeping cots are seen at the temporary shelter set up inside the San Diego … [+] Convention Center in San Diego, California, U.S., on Monday, April 13, 2020. The convention center conversion is dubbed Operation Shelter to Home and includes case workers who will help connect people in the shelter with housing, benefits
U.S. President Donald Trump delivers a speech during a tour of the Double Eagle Energy Oil Rig in Midland, Texas, July 29, 2020. Carlos Barria | Reuters Lawmakers on both sides of the aisle are in agreement on sending a second batch of $1,200 stimulus checks to millions of Americans. And now President Donald Trump
LeoPatrizi There may be a financial storm brewing at a key intersection on Main Street. Roughly 35% of small-business owners in a survey said they’ve needed to tap their own funds — via a personal credit card and/or savings, for example — to help prop up their business in the months since the coronavirus whacked
The luxury retail market in mainland China has been “very, very strong” from April to July and is likely to hold up well for the rest of the year as long as there is no strong resurgence of the coronavirus, says Ronnie Chan, chairman of Hang Lung Group and its subsidiary Hang Lung Properties. 02:26
CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors. “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.” Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
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